EY Romania launches EY wavespaceTM Bucharest, an incubator of ideas for new business models

EY Romania launches EY wavespaceTM Bucharest, an incubator of ideas for new business models

An incubator of ideas, where programmers, designers, business specialists and data analysts develop solutions and programs for companies across sectors and capitalize on cross-sectoral opportunities.

EY Romania opens in Bucharest the EY wavespaceTM local center, part of the global network of innovation initiatives focused on developing digital solutions for companies in development and transformation.

All over 40 network locations, located in major cities such as Amsterdam, San Francisco, Madrid, Berlin and Hong Kong, are based on a common methodology and platform that combines EY's experience with disruptive technologies - such as artificial intelligence, automation of processes robotizing (RPA), blockchain, intelligent data analysis and cyber security - and EY expertise in various sectors such as financial services, energy, retail and more.

Designed as a solution-oriented innovation center, EY wavespaceTM Bucharest has a team of over 100 people with competencies in various areas of excellence: programming, design, consulting and data analysis.

These specialists aim to come up with solutions to solve the business challenges of the digital era, starting with various technologies and business models.

EY wavespaceTM in Romania is the only one in EMEIA (Europe, Middle-Eastern Europe, India and Africa) that focuses on Intelligent Automation.

Bogdan Ion, Country Managing Partner EY Romania: "Romania is an important digital hub, the qualification and specialization of human capital making it possible to open such a center of excellence in Romania.

EY's experience and the connection of local IT entrepreneurs to mature mature companies will help develop new technology-based solutions.Through this initiative, we aim to support the transformation process that many companies are crossing through, helping them to adapt quickly to changing market conditions.

EY wavespaceTM global network now includes Bucharest near centers like San Francisco, Madrid or Berlin and connects the business environment and the IT entrepreneurial ecosystem in Romania to our global experience in disruptive technologies. "

Simultaneously with the launch of the wavespace, EY introduces a new innovation practice within the company. Using its own tools, such as EY Cognistreamer, EY offers a business model simulator that helps executives ask questions, create and design predictably new business models and business prototypes.

EY Cognistreamer is a new business ideas management platform that provides industry-leading analytics for companies wishing to revise their business model and build specialist teams for initiatives that include new technologies.